Skip to main content
Home
Enter a keyword

Main navigation

Menu
  • US Law
  • Regions
    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America
  • Headlines
  • Education Resources
    • ABI Committee Articles
    • ABI Journal Articles
    • Covid 19
    • Conferences and Webinars
    • Newsletters
    • Publications
  • Firm Articles
  • About Us
    • ABI International Board Committee
    • ABI International Member Committee Leadership
  • Join ABI

The US-Israel legal review 2022
2023-03-20

A GLOBAL LEGAL MEDIA & NISHLIS LEGAL MARKETING PUBLICATION THE US-ISRAEL LEGAL REVIEW 2022 IN ASSOCIATION WITH: Israel’s Unicorn Success Story SNNOVATION The US-Israel Legal Review 2022 1 Contents THE US-ISRAEL LEGAL REVIEW 2022 2 WELCOME FROM THE PUBLISHERS Global Legal Media and Nishlis Legal Marketing 4 ECONOMIC HEADWINDS, A HOT WAR AND A TRADE WAR: THE IMPACT ON ISRAEL’S COMPANIES With rising interest rates, rising inflation and reduced growth forecasts, how has that reality been faced by corporate clients and start-ups? Arnon, Tadmor-Levy provide some answers.

Filed under:
Global, Israel, USA, New York, Arbitration & ADR, Banking, Capital Markets, Company & Commercial, Corporate Finance/M&A, Insolvency & Restructuring, IT & Data Protection, Litigation, Patents, Tax, Trade & Customs, Foreign direct investment, Corporate governance, Blockchain, Private equity, Patent infringement, Big data, Venture capital, Mediation, Fintech, Due diligence, Artificial intelligence, Cryptocurrency, SIPP, ESG, Personal data, Gaming, Cybersecurity, SPAC, Health Insurance Portability and Accountability Act 1996 (USA), GDPR, Federal Arbitration Act 1926 (USA), California Consumer Privacy Act 2018 (USA), US Securities and Exchange Commission, NASDAQ, International Centre for Settlement of Investment Disputes, Committee on Foreign Investment in the United States, ChatGPT, Silicon Valley Bank
Location:
Global, Israel, USA
View Original Article
Big Law Works ‘Around the Clock’ as Clients Navigate SVB Collapse
2023-03-17

What You Need to Know

• Silicon Valley Bank’s 48-hour collapse sent several Big Law firms into action late last week.

• Morgan Lewis, Wilmer, Wilson Sonsini and Ballard Spahr are among the laws firms that launched task forces and webinars over the weekend.

• Despite some reassurance from the FDIC on Sunday, there are lingering issues that are expected to continue to prevent firms’ clients from conducting business in the normal course.

Filed under:
USA, Banking, Compliance Management, Insolvency & Restructuring, Wilmer Cutler Pickering Hale and Dorr LLP, Corporate governance, Venture capital, Federal Deposit Insurance Corporation (USA), Silicon Valley Bank
Location:
USA
Firm:
Wilmer Cutler Pickering Hale and Dorr LLP
View Original Article
Silicon Valley Bank and Signature Bank Fallout - Legal Considerations for Borrowers, Syndicated Lenders and Trade Creditors
2023-03-17

Highlights

Counterparties should continue to follow their current contractual obligations

Silicon Valley Bank’s parent company bankruptcy filing will not impact contractual rights

Counterparties should be vigilant and consider alternate financing arrangements

Filed under:
USA, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Venture capital, Federal Deposit Insurance Corporation (USA), Silicon Valley Bank
Location:
USA
View Original Article
Silicon Valley Bank: What the 2nd Largest US Bank Failure Means for Policyholders
2023-03-16

In the second largest US bank failure since the 2008 global financial crisis, the California Department of Financial Protection and Innovation took over Silicon Valley Bank (“SVB”) on March 10 and appointed the Federal Deposit Insurance Corporation (“FDIC”) as SVB’s receiver. Just two days later, the New York State Department of Financial Services took over another bank, Signature Bank, and appointed the FDIC as receiver. And, yesterday, the share price of various European banks plunged following record one-day selloffs.

Filed under:
USA, Banking, Insolvency & Restructuring, Hunton Andrews Kurth LLP, Venture capital, Due diligence, Insolvency, Federal Deposit Insurance Corporation (USA), US Department of the Treasury, HSBC, Silicon Valley Bank
Location:
USA
Firm:
Hunton Andrews Kurth LLP
View Original Article
Liquidity Crises and Fiduciary Duties of Directors of Early-Stage Companies
2023-03-15

The FDIC receiverships of Silicon Valley Bank and Signature Bank have caused certain early-stage companies to face potentially crippling near-term liquidity issues. These liquidity issues may result in a company becoming insolvent. Therefore, boards of directors of such companies need to consider their fiduciary duties as well as steps that can be taken to mitigate risks.

Fiduciary duties are typically owed to the company for the benefit of its owners.

Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Morrison & Foerster LLP, Venture capital, Insolvency, Federal Deposit Insurance Corporation (USA), Silicon Valley Bank
Authors:
Seth J. Kleinman , Jennifer L. Marines , Lorenzo Marinuzzi , James Michael Peck , Benjamin Butterfield
Location:
USA
Firm:
Morrison & Foerster LLP
View Original Article
US Government Takes Major Steps To Make Depositors Whole and Provide Liquidity
2023-03-12

This alert provides background on the failure of Silicon Valley Bank and explains significant recent developments, including the subsequent failure of Signature Bank and the U.S. government’s announcement that the Federal Deposit Insurance Corporation (FDIC) will make whole all depositors of both institutions. This alert also describes the new program simultaneously announced by the Federal Reserve to provide additional liquidity to the banking industry.

Run on Silicon Valley Bank

Filed under:
USA, Banking, Insolvency & Restructuring, Skadden Arps Slate Meagher & Flom LLP, Venture capital, Federal Deposit Insurance Corporation (USA), Bank of England
Location:
USA
Firm:
Skadden Arps Slate Meagher & Flom LLP
View Original Article
The collapse of FTX: lessons for many
2023-02-14

From investors to regulators, FTX Trading Ltd (FTX) filing for bankruptcy was unexpected by all. A catalyst for litigation and regulation over the years to come, this collapse will serve as a warning, particularly to cryptocurrency insurers.

What happened?

Filed under:
United Kingdom, Banking, Corporate Finance/M&A, Derivatives, Insolvency & Restructuring, Insurance, IT & Data Protection, White Collar Crime, RPC, Corporate governance, Venture capital, Due diligence, Cryptocurrency, Anti-money laundering, Financial Conduct Authority (UK), FTX
Authors:
James Wickes
Location:
United Kingdom
Firm:
RPC
View Original Article
Seventh Circuit makes life tougher for directors with conflicts
2011-04-27

In a decision released on March 29, 2011, CDX Liquidating Trust v. Venrock Assocs., et al., 2011 U.S. App. LEXIS 6390 (7th Cir. March 29, 2011), the United States Court of Appeals for the Seventh Circuit, reversing the district court’s ruling, held that a director’s disclosure of a conflict, in and of itself, is insufficient to protect that director from liability for breach of fiduciary duty or disloyalty arising from that conflict.

Filed under:
USA, Company & Commercial, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Conflict of interest, Corporate governance, Shareholder, Debtor, Breach of contract, Fiduciary, Board of directors, Interest, Venture capital, Liquidation, Preferred stock, Bridge loan, Seventh Circuit
Authors:
Stephen D. Lerner , Jeffrey A. Marks , Sandra E. Mayerson , Peter A. Zisser
Location:
USA
Firm:
Squire Patton Boggs
View Original Article
Whizz… Bang! Employee creditors have priority to R&D tax refunds, and the “true employer” line of authorities upheld
2022-04-14

Where the key asset of a technology start up is a potential entitlement to an R&D tax refund, the Spitfire decision provides important clarity for financiers of such businesses, as well as for liquidators (and employees) of those businesses which fail.  

Filed under:
Australia, Corporate Finance/M&A, Insolvency & Restructuring, Litigation, Clayton Utz, Venture capital, Corporations Act 2001 (Australia), Personal Property Securities Act 2009 (Australia)
Location:
Australia
Firm:
Clayton Utz
View Original Article
COVID-19 Government Intervention Schemes
2021-06-01

COVID-19

Government Intervention Schemes

Current as of 21 May 2021

Government Intervention Schemes

COVID-19 Government Intervention Schemes 2

Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. This guide provides a summary of key government interventions around the globe in relation to: EU State Aid Approvals (for EMEA region), foreign investment restrictions, debt, equity and taxation.

Filed under:
Canada, China, European Union, Hungary, United Kingdom, USA, Agriculture, Banking, Capital Markets, Corporate Finance/M&A, Employment & Labor, Energy & Natural Resources, Environment & Climate Change, Insolvency & Restructuring, Litigation, Media & Entertainment, Tax, Baker McKenzie, Libor, Private equity, Venture capital, Supply chain, Telemedicine, Fourth Amendment, State aid, Force majeure, Cybersecurity, Coronavirus, Personal protective equipment, Paycheck Protection Program, CARES Act 2020 (USA), US Securities and Exchange Commission, European Commission, HM Revenue and Customs (UK), Small Business Administration (USA), Committee on Foreign Investment in the United States, EFTA, Bank of England
Location:
Canada, China, European Union, Hungary, United Kingdom, USA
Firm:
Baker McKenzie
View Original Article

Footer menu

  • Publications
  • Newsletters
  • ABI International Board Committee

© 2022 Global Insolvency, All Rights Reserved